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Introduction

What is ŠKODA EASYBUY?

Planning to buy ŠKODA SUPERB? The moment to drive your dream car has arrived.

At ŠKODA, we value your investment in us and ensure your financial security.

Introducing ŠKODA EasyBuy, an exclusive finance solution customised to take care of your necessities, thus promising you a complete peace of mind.

ŠKODA EasyBuy offers an Assured Buyback Value and the best possible options for you to pick on your newly owned ŠKODA SUPERB.

Benefits of ŠKODA EASYBUY

  • Up to 100%* Finance
  • 40%* lower EMI for 3 years
  • Assured Buyback Value determined at the beginning of the contract
  • Eligible Model - ŠKODA SUPERB

Upgrade

Shift smartly from best to even better with ease.

Upgrade to the latest ŠKODA SUPERB model at the end of your ŠKODA EasyBuy term. So you have a new ŠKODA every three years.

End of Term Options

1

RETAIN

In love with your ŠKODA?
Retain it.
Simply pay the balance amount at the
end of tenure.

2

RETURN

Enjoyed your ŠKODA
to the fullest?
At the end of tenure,
simply return it to the dealership.

3

RE-FINANCE

Can’t get enough of your ŠKODA?
Refinance it with us.

Continue your tenure for another contract term.

ŠKODA EASYBUY Advantage

Comparison - Standard Finance Vs ŠKODA EASYBUY

Category Standard Finance ŠKODA EASYBUY
Car Price
(Ex-Showroom)
`23,99,000* `23,99,000*
Finance Amount `23,99,000* `23,99,000*
Tenure (months) 36 36
EMI ` 77,353* ` 48,663*
Assured Buyback Value N.A. `13,67,430#
*The EMI and Ex-showroom prices are for representation purpose only. (#Balloon Payment)

Features

  • Assured Future Value

    Get an Assured Future Value for your ŠKODA , determined at the time purchase.

  • Lower EMI

    ŠKODA EasyBuy offers you 4o%* lower EMI for 3 years as compared to the standard EMIs payable.

  • Flexibility

    A finance solution tailored for potential ŠKODA owners who are looking for complete peace of mind at the end of loan term. You have the options to retain or return your car at end of the tenure. Low EMI (almost 40%* lower than standard loan) & Assured Future Value are the biggest advantages that ŠKODA EasyBuy offers you.

  • ŠKODA EasyBuy with ŠKODA Financial Services, offers you Extended Warranty on your ŠKODA:

    • 2+1 Year
    • Peace of mind
    • Transferable to subsequent buyers
  • ŠKODA Support

    ŠKODA EasyBuy extends to you every support you need – pre as well as post sales, wherever and whenever.


Frequently Asked Questions

What is Skoda Residual Value Proposal?

An assured buy back program catered for your customers offering a complete peace of mind.

What is the residual value?

Residual Value is a defined percentage of net Ex-Showroom price which is assured at the end of loan term to customer as per the prescribed conditions.

Can a customer choose his/her own motor insurance provider?

Customer is required to purchase comprehensive motor insurance coverage recommended by the respective Skoda Dealer.

What is the maximum finance amount offered under the program?

Eligible customer can be funded up to 100% of the net Ex showroom price meeting all the necessary conditions as per the Volkswagen Finance credit policy.

What is the maximum allowed tenure under this program?

The tenure offered currently is only for 36 months.

How the customer is assured of the residual value of his/her vehicle?

During the execution of the contract, a repurchase agreement will be signed between the customer and the dealer indicating the assured residual value.

Does Skoda RV impose a capping on the mileage that should be clocked in during the tenure?

Yes, customer is only allowed to clock in maximum 45000 kms during the entire tenure as agreed in repurchase agreement . Customer will be required to pay for each additional kilometre exceeding the threshold based on a prescribed amount per kilometre. The prescribed amount is Rs 20 per Km and the same will be reflected in the repurchase agreement.

Can a customer foreclose the loan before the end of the loan tenure?

Yes, the customer has the right to foreclose the account at any time, however the repurchase agreement will be considered null and void.

What are the options available at the end tenure?

Customer has 4 options to consider before the end of tenure:
Retain – The customer will retain the car at the end of loan tenure and pay the outstanding balance to close the loan.
Refinance – Customer can opt for refinance facility and payback in equated monthly instalments.
Return – The customer can return the vehicle and pay the difference if any due to the wear and tear as defined in the repurchase agreement and dealer will pay the outstanding balance and close the account.
Upgrade – The customer opt to return the vehicle and upgrade to buy a higher variant / model of the brand

What are the conditions for Car return at the end of loan tenure?

Customer is required to adhere to the prescribed wear and tear guidelines as per the buyback agreement signed between the customer and the Dealer and should maintain the vehicle through authorized Skoda service centres.

When is a customer required to inform of his options?

Ideally the customer is required to get in touch with his/her dealer 75 days prior to the end of the loan tenure.

What is the process involved for returning the vehicle?

Customer is required to get in touch with the Skoda dealership 75 days prior to the end of tenure to confirm his final options and complete the final valuation of his/her vehicle in accordance with the fair wear and tear terms.

Where shall the customer return the vehicle?

The customer shall return the vehicle to the Dealer at his workshop or any other location specified by the Dealer.

Who shall foreclose the loan account with Volkswagen Finance in the event customer decides to return the vehicle?

The Dealer will foreclose the customers’ loan account with Skoda Finance based on the agreed buy back value. Any additional charges to be borne by the customer.

Who will be responsible to conduct the valuation of the vehicle?

The vehicle shall be subject to a inspection by Skoda India and repairs if any shall be undertaken (costs will be borne by the Customer) and completed prior to the physical handover of the car to Dealer.

If there is a dispute on the final valuation proposed by the dealer, how will this be resolved?

The customer has the option to sell the car in open market if he is getting a better value for his car, but needs to pay the balance amount to Volkswagen Finance to close the loan.

Can a customer do any retrofitting on the car?

There shall be no after-market (grey market) retro-fitments on the cars. Retro-fitments if any shall only be those as carried by the Dealer as per the terms & condition of repurchase agreement.

What if the terms and conditions stipulated in the repurchase agreement is not met?

If any or all of the conditions stipulated in the repurchase agreement are not met, Dealer at his sole discretion has the right to reduce the value of the car as per the violations from the conditions and the Customer shall have no right or remedy against the Dealer for such action but has the option to sell the car in open market if he is getting a better value for his car and needs to pay the balance outstanding amount in time to Volkswagen Finance to close the loan.

When does the customer surrender his vehicle to the dealer assuming he wants to return the vehicle at the end of the tenure?

Customer to surrender( if option to surrender is exercised ) his/her vehicle 15 days prior to end of the Buy Back Period once the final surrender value has been agreed and confirmed with Dealer

What is the Minimum loan to value?

The Minimum loan to value of the car in this product is 70% of net Ex-showroom price of the car.

Are fleet cars eligible for Skoda EasyBuy?

No, As per VWFS credit policy we don’t finance any kind of fleet cars.

Can the car be returned to different dealer/location other than selling dealer?

As of now this facility has been launched at only a few select locations in India. After the PAN India launch customer can return the car at end of the tenor to any Skoda dealer.